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COP29: United Nations for decisive boost to climate finance

United Nations, Nov 18 (Prensa Latina)The ongoing discussions at COP29, taking place in the capital of Azerbaijan, is the decisive moment in which the appointment is held to boost climate finance.

In a planet plagued by concerns, ongoing conflicts, nuclear threats, rising inequalities, and political fragmentation, alleviating the planet´s damage is critical to solving many of these risks.

For UN Secretary-General António Guterres, 2024 is a master class in climate destruction,” with record temperature figures month after month, while the ocean reported other alarmed warming rates.

“Climate finance is an investment, not charity, and climate action is essential, not optional,” Guterres emphasized, urging the wealthy to invest to prevent humanity from bearing the consequences.

According to experts, the decisions taken in Baku during the meeting, which began on November 11 and will last until November 22, will have far-reaching consequences for future generations.

The key focus includes the claims of developing countries, small island states, and the least developed countries, which are proportionately more vulnerable to climate impacts.

These nations face damages such as sea level rise, extreme weather events, and droughts that demand greater financial support to build resilience, transition to low-carbon economies, and compensation for losses and damages.

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